Cement News tagged under: international
Cementos Molins plans US$189mn investment in Argentina26 April 2016, Published under Cement NewsCementos Molins SA, Spain, the main stakeholder in Argentina's Cementos Avellaneda, said on Monday it plans to invest US$189mn to expand production at the company's local facilities. The company currently operates a 0.3Mta capacity plant in San Luis province which will be expanded to 1Mta after the upgrade. The investment comes after moves by President Mauricio Macri to reconcile Argentina with global capital markets and improve the level of foreign investment in an effort to revive the fl... |
Pakistan: Exports fall 24% in first nine months of 2015/1626 April 2016, Published under Cement NewsPakistan’s cement exports fell during 9MFY2016 on a YoY basis dropping by 24.4 per cent in volume terms and 28.9 per cent in US dollar values. Figures released by the Pakistan Bureau of Statistics (PBS) show that the country exported 4.6Mt of cement, earning revenue of US$248m during July-Mar 2016. This was down from the 6.0Mt exported in the corresponding period a year earlier. Average prices also fell, dropping 6.1 per cent to US$54.48/t. The All Pakistan Cement Manufacturers' Associ... |
Morgan Stanley: cement consumption to grow 4% YoY to 202025 April 2016, Published under Cement NewsNew research from Morgan Stanley predicts that worldwide cement demand excluding China has turned a corner and will grow at an annualised rate of four per cent between 2016 and 2020. The investment firm is particularly bullish about India, South Asia and sub-Saharan Africa, all of which it forecasts will see consumption grow by more than five per cent per year over the period (with Indian demand set to expand at 6.7 per cent). However, consumption in China is predicted to fall by 1.2 per ... |
Spain: cement consumption stagnates22 April 2016, Published under Cement NewsCement consumption in Spain has returned to the red numbers at the end of the 1Q16 with a fall of 0.5 per cent, which places the accumulated 2,565,811t in total, about 12,000 less than in the same period last year. With respect to March, the fall was 7.2 per cent, reaching 928,188t, 71,795 less than in the same month of 2015. "Since June 2015 we see a sharp slowdown in consumption and erratic evolution of the same. Consequently, the consumption of the first quarter had a negative... |
Mobile cement app launched by OCL India22 April 2016, Published under Cement NewsDealers of OCL India Limited, the makers of Konark Cement, can now place cement orders through mobile phones. The Suvidha app has been launched as an android app in Bhubaneswar. Using Suvidha dealers will also be able to place track delivery status online, delays if any, billing details and other commercial activities. Developed exclusively for the dealers of Konark and Dalmia Cement, the app is launched with four dealers - M/s Sonu Commercial, M/s Sanjay Kumar Bijay Kumar, M/s Pradhan Ent... |
Ecuador's cement sector has to deliver22 April 2016, Published under Cement NewsEcuador has been in the news for all the wrong reasons following the devastating 7.8-magnitude earthquake which hit the South American country last Saturday. With more than 570 people known to have died and 25,000 people in temporary shelter, the country is expected to take years to rebuild the homes, bridges and roads destroyed by the quake, President Rafael Correa said on Wednesday. The estimated funds required for the rebuilding work amounts to US$3bn and the President has already announc... |
Taiwan Cement sales down 20.8% YoY in 201521 April 2016, Published under Cement NewsTaiwan Cement Corp saw its 2015 YoY sales fall 20.8 per cent to TWD93.68bn (US$2.89bn), while the company’s net income dropped by 46.7 per cent to TWD5.78bn (US$178.67m), according to Aggregates Business Europe. During October-December 2015, revenue and net income of the firm fell by 17 per cent and 31.3 per cent to TWD24.6bn (US$760.45m) and TWD1.78bn (US$55.02m) respectively, as compared to October-December 2014. In January-March 2016, the company's revenue stood at TWD17.73bn (US$548.08... |
India: local residents in favour of Jorabat cement plant21 April 2016, Published under Cement NewsPlans to set up a 500tpd cement plant near Jorabat, Assam, India, have received the support of local residents. The Pollution Control Board Assam has conducted a public hearing in the premises of Ambher LP School at 12th Mile, near Jorabat, on the issue of setting up of a proposed cement plant. The majority of the local people and residents supported establishment of the works on the condition that the plant would contract staff locally, reported the Assam Tribune. Another condition gi... |
Uganda: Karuma dam has to bring in Kenyan cement21 April 2016, Published under Cement NewsContractors for the Karuma dam in Uganda have resorted to importing Kenyan cement to help keep work going at the site. In a media brief to journalists over the weekend at the construction site, the Karuma Hydro power plant project liaison officer, Qu Jinwei, said they were forced to source high grade 42.5 cement from Kenya since both Hima and Tororo cement factories could not deliver the qualities they need as they are used to producing OPC. “We inspected their factories before we started ... |
UK: new Ecocem cement terminal opened20 April 2016, Published under Cement NewsEcocem, a Dublin-based cement producer, has opened its first UK bulk import terminal along the Manchester Ship Canal, built in partnership with Peel Ports at Runcorn. The new bulk import facility on a one-acre plot will handle cement from Ecocem’s production facility in Dublin Port. From the Runcorn site, it will be processed and transported direct to UK construction projects via road, rail and water. Conor O’Riain, managing director of Ecocem Ireland, said: “We’ve invested in state of... |